$ETH shows no signs of large orders being sold, indicating that large investors and institutions have accumulated enough shares at the bottom. Now, this position is allowing the hesitant investors to exit, reducing the pressure for upward movement, and then continuing to push up. Since most are unwilling to sell, the price is hardly dropping at all, which means it can only be pushed up for another phase. The next phase will be between 4100-4200. It's a simple logic: if this wave forms a double top, would it be foolish for institutions not to sell? Since they are not selling, there must be an even higher peak. When institutions start selling, that will mark the formation of the top.